New Zealand court says bank entitled to terminate banking relationship because of Russia sanctions risk

23 February 2023

New Zealand court says bank entitled to terminate banking relationship because of Russia sanctions riskBoyloso/Shutterstock.com

The High Court of New Zealand rejected Targa Capital Ltd’s application for an injunction stopping Westpac New Zealand from terminating its banking services to Targa and closing Targa’s bank accounts. Judgment of 17 February...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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